[ad_1] The White House Crypto Summit will reportedly not propose exemptions from the capital gains tax on cryptocurrency, as stated by The Kobeissi Letter. BREAKING: No capital gains tax exemptions are expected to be announced at the White House Crypto Summit. — The Kobeissi Letter (@KobeissiLetter) March 7, 2025 During a virtual summit preview, a White House official stated that taxation would not be an issue for debate, contrary to what people had suggested. The summit will help industry leaders give regulatory feedback as a response to Trump’s intention to end Operation Chokepoint 2.0, an initiative reportedly designed to target…
Author: NBTC
[ad_1] At the start of this month, the price of Bitcoin was around $102,398.17. Since then, the market has experienced a decline of 5.77%. In the previous month, the market witnessed a surge of at least 9.54%. Unsurprisingly, a report suggests that large BTC holders have seen lower realised profits this month compared to January. Let’s take a closer look. Bitcoin Whales Made Less Profit in February According to the report, earlier in the year, large BTC holders made approximately $3 billion in realised profits. The same report shows that large BTC holders, holding 10 to 10,000 BTC, have seen…
[ad_1] The Cardano ecosystem expanded on all fronts last year with major boosts in prices, average daily transactions, and DeFi total value locked. An analytical report from market intelligence platform Messari shows that the network posted an impressive outing last year amid broader market bullishness. The piece highlighted the asset’s dazzling showing in Q4 2024 and overall performance compared to the previous year. Price Upsurge Boosts Key Metrics ADA recorded an impressive 126.2% surge in Q4 2024 following its surge from $0.374 to a four-year high of $1.327 before retracing to close at around $0.844. The price upswing canceled earlier…
[ad_1] Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) as the flagship crypto asset hovers below the $100,000 price. In a new video, Svenson tells his 82,400 YouTube subscribers that the weekly Relative Strength Index (RSI) indicator, which he considers “one of the most reliable signals for bullish pivots in Bitcoin land,” is suggesting a move to the upside for the flagship crypto asset. The RSI is a momentum indicator that oscillates between 0 to 100 and is used to determine overbought or oversold levels. “And now we are seeing, if you look closely, the weekly RSI…
[ad_1] The push for an XRP exchange-traded fund (ETF) is gaining momentum as Bitwise Chief Investment Officer Matt Hougan confirms growing investor demand. In a CNBC interview, Hougan was asked to comment on the demand for an XRP ETF. The host mentioned less demand for Ethereum ETFs than Bitcoin but noted that there is increasing adoption. “What does the outlook look like for an XRP fund,” the host asked. In response, Hougan stressed that there is a massive demand for a regulated XRP investment product in the U.S. He backed up his view by citing two major factors. First, Hougan…
[ad_1] The cryptocurrency world is abuzz with discussions surrounding the recent White House crypto summit. However, a key figure was notably absent: U.S. Senator Cynthia Lummis, a staunch advocate for Bitcoin and digital assets. Her unexpected absence due to illness has sparked conversations and raised questions about the future trajectory of crypto legislation in the United States. Let’s delve into the details of this developing story and understand its potential implications for the digital asset landscape. Why Senator Lummis’ Absence from the Crypto Summit is a Significant Setback Senator Cynthia Lummis’s voice in the cryptocurrency space is not just influential;…
[ad_1] Bitcoin is struggling with low trading activity and weak momentum, leading to subdued price action near the 100-day moving average. However, a strong bullish rebound remains possible, contingent on a return of sufficient liquidity to the market. Technical Analysis By Shayan The Daily Chart Bitcoin remains in a phase of indecision, with price action hovering near the 100-day moving average at $98K. This prolonged consolidation, characterized by low volatility and weak momentum, suggests a balance between buyers and sellers. The RSI indicator reinforces this notion, highlighting an ongoing struggle between bullish and bearish forces, with the $98K support and…
[ad_1] The bearish pressure experienced across the broader crypto market has impacted activity on the Shiba Inu blockchain, Shibarium. Many investors have sought safety amid massive declines in crypto prices. For instance, Shiba Inu has seen its price crash 17.2% month-to-date (MTD) to $0.00001552. Other Shiba Inu ecosystem tokens, including BONE and LEASH, have also experienced sharp declines in the same timeframe. This dip coincides with the bearish trend across the broader crypto market, leading to a drawdown in Shibarium activity, as reflected in its declining transaction volume. Transaction Volume Slumps 96% in a Week Data from ShibariumScan shows that…
[ad_1] Sam Bankman-Fried, the co-founder of the bankrupt FTX exchange, is moving closer to Trump supporters. Bankman-Fried also revived the drive to achieve a Presidential pardon, although he has not reached out to Trump directly. Sam Bankman-Fried may be seeking a pardon from US President Donald Trump. To that end, Bankman-Fried started to build an image of being a Republican supporter, and not actually a hardline Democrat. The entangled history of Bankman-Fried’s political donations may give him favor with both US parties. Data showed Bankman-Fried was in charge of as much as $100M in political donations during the heyday of…
[ad_1] Bitcoin (BTC) has risen above the moving average lines and the $95,000 support level but is being held back by the 50-day SMA barrier. Bitcoin price long-term forecast: bearish Bitcoin price is currently below the 50-day SMA barrier and above the 21-day SMA support. BTC will reach a high of $102,390 if it breaks above the 50-day SMA. However, Bitcoin will be forced to move in a range between the moving average lines if it gets stuck at the 50-day SMA. On the other hand, if the bears break below the 21-day SMA, Bitcoin would fall back to its…